2024 Q2 Form 10-Q Financial Statement

#000079005124000085 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.451B $1.097B
YoY Change -4.93% -6.98%
Cost Of Revenue $881.7M $697.6M
YoY Change -11.35% -16.16%
Gross Profit $568.9M $398.9M
YoY Change 7.08% 15.06%
Gross Profit Margin 39.22% 36.38%
Selling, General & Admin $189.3M $166.8M
YoY Change -0.05% -11.56%
% of Gross Profit 33.27% 41.81%
Research & Development $9.300M $9.200M
YoY Change -29.01% -40.65%
% of Gross Profit 1.63% 2.31%
Depreciation & Amortization $43.10M $16.60M
YoY Change -26.32% -28.76%
% of Gross Profit 7.58% 4.16%
Operating Expenses $198.6M $176.0M
YoY Change -1.93% -13.77%
Operating Profit $377.5M $225.2M
YoY Change 14.81% 59.72%
Interest Expense -$5.000M -$10.70M
YoY Change -65.03% -156.91%
% of Operating Profit -1.32% -4.75%
Other Income/Expense, Net $100.0K $300.0K
YoY Change -150.0% -75.0%
Pretax Income $372.6M $214.8M
YoY Change 19.0% 67.81%
Income Tax $87.40M $43.90M
% Of Pretax Income 23.46% 20.44%
Net Earnings $712.4M $192.3M
YoY Change 266.08% 89.09%
Net Earnings / Revenue 49.11% 17.54%
Basic Earnings Per Share $15.03 $4.02
Diluted Earnings Per Share $14.84 $3.97
COMMON SHARES
Basic Shares Outstanding 47.60M shares 47.75M shares
Diluted Shares Outstanding 47.90M shares 48.40M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.736B $552.6M
YoY Change 357.76% 30.36%
Cash & Equivalents $1.736B $552.6M
Short-Term Investments
Other Short-Term Assets $64.10M $67.50M
YoY Change -90.49% -32.97%
Inventory $426.3M $399.8M
Prepaid Expenses $21.80M $19.10M
Receivables $903.6M $700.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.152B $3.463B
YoY Change 17.05% 60.92%
LONG-TERM ASSETS
Property, Plant & Equipment $664.2M $653.7M
YoY Change -16.85% -22.22%
Goodwill $1.337B $1.199B
YoY Change -33.74% -45.58%
Intangibles $1.450B $1.227B
YoY Change -6.58% -31.93%
Long-Term Investments
YoY Change
Other Assets $124.8M $102.7M
YoY Change 9.19% -12.15%
Total Long-Term Assets $3.576B $3.183B
YoY Change -20.23% -35.88%
TOTAL ASSETS
Total Short-Term Assets $3.152B $3.463B
Total Long-Term Assets $3.576B $3.183B
Total Assets $6.728B $6.646B
YoY Change -6.24% -6.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.4M $322.9M
YoY Change -8.51% -12.02%
Accrued Expenses $296.3M $218.7M
YoY Change 21.38% -1.93%
Deferred Revenue $27.10M $26.80M
YoY Change 0.37% -29.47%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $402.9M $402.8M
YoY Change 33.41% 33.38%
Total Short-Term Liabilities $1.090B $1.175B
YoY Change 4.25% 26.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.887B $1.887B
YoY Change -17.31% -17.31%
Other Long-Term Liabilities $439.0M $422.5M
YoY Change -46.25% -25.79%
Total Long-Term Liabilities $2.634B $2.612B
YoY Change -14.99% -16.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.090B $1.175B
Total Long-Term Liabilities $2.634B $2.612B
Total Liabilities $3.724B $3.787B
YoY Change -10.14% -6.67%
SHAREHOLDERS EQUITY
Retained Earnings $6.457B $5.785B
YoY Change 23.08% 13.65%
Common Stock $649.0M $641.5M
YoY Change 6.34% 7.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.004B $2.859B
YoY Change
Total Liabilities & Shareholders Equity $6.728B $6.646B
YoY Change -6.24% -6.6%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $712.4M $192.3M
YoY Change 266.08% 89.09%
Depreciation, Depletion And Amortization $43.10M $16.60M
YoY Change -26.32% -28.76%
Cash From Operating Activities $183.4M $163.5M
YoY Change -17.05% 9.29%
INVESTING ACTIVITIES
Capital Expenditures $24.90M $32.50M
YoY Change -16.72% -19.15%
Acquisitions
YoY Change
Other Investing Activities $1.584B -$300.0K
YoY Change 27680.7% -96.25%
Cash From Investing Activities $1.559B -$32.00M
YoY Change -6540.5% 0.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -575.8M -$166.1M
YoY Change 147.87% 75.21%
NET CHANGE
Cash From Operating Activities 183.4M $163.5M
Cash From Investing Activities 1.559B -$32.00M
Cash From Financing Activities -575.8M -$166.1M
Net Change In Cash 1.166B -$35.30M
YoY Change -3394.35% -247.7%
FREE CASH FLOW
Cash From Operating Activities $183.4M $163.5M
Capital Expenditures $24.90M $32.50M
Free Cash Flow $158.5M $131.0M
YoY Change -17.1% 19.74%

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